VN Research & Consulting
 Like us on facebook  Follow us on twitter  Follow us on LinkedIn  IndiaNotes on Google Plus  IndiaNotes on Pinterest  IndiaNotes on Stumbleupon  Subscribe to our feeds

Stocks  A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
You are here : IndiaNotes >> Market Action >> Commodities >> Turmeric

SMC's commodity updates for Oct 6

SMC | 06 Oct, 2017  | Follow Author | Add to my Favourites 
  • Rate this article
    (Average Rating 0.0 Based on 0 ratings)

Turmeric  futures  (Nov)  may  witness a  consolidation  in  the  range  of  7200-7340  levels  &  trade  with a  downside  bias.  Spot  Turmeric  on  Thursday  ruled  steady  in  the  major markets across the country due to thin business activities.

Whereas, Sangli  market remained closed due to alternate day auction, and no stock were brought  by the  farmers. T urmeric outlook is  not certain  due to  weak fundamentals and the  market  participants  have  opted  wait  and  watch  approach  as  they  are  eagerly  waiting  for  the  E-Auction  which  is  held  on  9th  October  by  AP  Markfed.   

Jeera  futures  (Nov)  is  expected  to  trade  in  the  range  of  19000-19400  levels.  The  downside may remain capped owing to optimisim that exports may get better in  days  to  come.  India's  exports  of  jeera  are  likely  to  have  risen  2%  on  year  to  70,000 tn  in  Apr-Sep  due  to  waning  stocks  in  other  major exporting  nations,  as  per  market  estimates.

The  country  had  exported  68,600  tn  of  the  commodity  in  the  corresponding  period  last  year ,  according  to  Spices  Board  India.  Jeera  from  India  is  being  offered  at  around  $2,600-$2,900  per  tn,  free  on  board,  in  international  markets.  Coriander  futures  (Nov)  will  possibly  trade  sideways  in  the  range  of  4900-5100  levels.  As  per  traders  from  Ramganj,  arrivals  were reported  lower  as  the  farmers  are  focusing  more  on  Soybean  and  Urad.


  Read full report Click here to read the full report

About SMC
SMC Research, founded in 1990, is India’s leading share and stock broker, provides a wide range of financial services and investment solutions. A blend of extensive experience, diverse talent and client focus has made us the 4th largest broking house in India(Source: Dun and Bradstreet, 2008). Over the years, SMC has expanded its operations domestically as well as internationally. Existing network includes regional offices at Mumbai, Kolkata, Chennai, Cochin, Ahmedabad, Jaipur, Hyderabad, Bangalore plus a growing network of 2100+ offices spread across 425 cities/towns in India.

For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

Technical Calls

What are technical calls?

Other Articles